Vertical cavity surface-emitting laser (VCSEL) is a type of laser diode which generates a high beam light quality for small mode areas. A VCSEL comprises a laser resonator which supports the diode to emit light perpendicular to the chip surface where it is deployed. Even though vertical cavity surface-emitting laser can have high beam quality, these usually generate less output power with a significant possibility for modulation in high frequencies, making it perfect for use in optical fiber communication. VCSELs are semiconductor devices with an operating wavelength of 750–980 nm when are used with gallium arsenide (GaAs) material system. The rise in demand for Vertical cavity surface-emitting laser in data communication is projected to fuel the market. The increase in usage of vertical cavity surface-emitting laser in infrared illumination due to the technological advancements is also expected to foster the market growth. One of the key driving factors for the market is the rising adoption of 3D sensing applications in smartphones. The incorporation of Vertical cavity surface-emitting lasers in smartphone manufacturers such as Apple (US), Samsung (South Korea), Huawei (China), Oppo (China), and Vivo (China) have applied facial recognition technology in their smartphones which will fuel the global VCSEL market. In addition to this, the advancement in automotive and electronics and surging demand from exclusive applications such as gesture recognition and 3D imaging. Apart from this, the key restraining factors of the market are dearth of skilled workforce and the lack of standards and protocols.

In addition, the automotive industry provides major growth potential for vertical cavity surface-emitting laser suppliers. The two major applications in automotive industry are in-cabin monitoring and LiDAR. For in-cabin monitoring, vertical cavity surface-emitting laser are used to keep track of the driver and occupants in the car. By gathering driver and occupant’s data, in-cabin sensing allows driver monitoring, whether the driver is actively paying attention to the road or is distracted or dozy. In-cabin sensing also makes it possible to help gesture recognition for in-car navigation, communication, and infotainment systems. For in-cabin scanning, the Euro NCAP (The European New Car Assessment Programme) mandate for driver monitoring systems (DMS) is projected to become a safety standard in Europe for next-generation motor vehicles. Thus, the use of vertical cavity surface-emitting lasers in LiDAR systems for automotive applications is creating opportunities for the VCSEL market.

The global VCSEL Market is segregated on the basis of Material as Gallium Arsenide, Indium Phosphide, Gallium Nitride and Other Materials. Based on Application the global VCSEL Market is segmented in Datacom, Proximity Sensors, 3D Sensing, Industrial and Others. Based on End-User the global VCSEL Market is segmented in Data Center, Consumer Electronics, Automotive, Industrial, Healthcare and Military.

The global VCSEL Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The VCSEL Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Alight Technologies, Frankfurt Laser Company, Leonardo Electronics, Ii-Vi Incorporated, AMS and others are among the major players in the global VCSEL Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In March 2021, Lumentum (US) declared the introduction of five and six junction Vertical cavity surface-emitting lasers array products for advanced consumer, automotive, and other 3D sensing applications.
• In February 2021, II‐VI Incorporated (US) introduced its VCSEL flood illuminator modules for driver and occupancy monitoring systems in vehicles. The VCSEL flood illumination modules incorporate VCSEL chips, photodiodes, and diffuser optics to obtain a greater degree of vertical integration and value for customers.
• In January 2021, AMS declared the launch of its VCSEL IR emitter line for the industrial mass market in 2D and 3D sensing. The EGA2000 flood illuminators integrate VCSEL and optical packaging technologies to offer optimal performance in detection and ranging applications.

The global VCSEL Market has been segmented as below:

VCSEL Market, By Material

• Gallium Arsenide
• Indium Phosphide
• Gallium Nitride
• Other Materials

VCSEL Market, By Application

• Datacom
• Proximity Sensors
• 3D Sensing
• Industrial
• Others

VCSEL Market, By End-User

• Data Center
• Consumer Electronics
• Automotive
• Industrial
• Healthcare
• Military

VCSEL Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

VCSEL Market, By Company

• Alight Technologies
• Frankfurt Laser Company
• Leonardo Electronics
• Ii-Vi Incorporated
• AMS
• Broadcom
• Coherent
• Flir
• Inneos
• Iqe
• Lumentum
• Mks Instruments
• Santec
• Thorlabs
• Trumpf
• Tt Electronics
• Ushio America
• Vertilas
• Vertilite
• Win Semiconductors

The report covers the below scope:

• Global VCSEL Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global VCSEL Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global VCSEL Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global VCSEL Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global VCSEL Market share. Major industry players with significant revenue share include Alight Technologies, Frankfurt Laser Company, Leonardo Electronics, Ii-Vi Incorporated, AMS and others.

Why to Buy this Report:

• Gain detailed insights on the VCSEL industry trends
• Find complete analysis on the market status
• Identify the VCSEL Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

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